Weekly US EIA oil inventories +5863K vs -4100K expected - ConsultFX

Weekly US EIA oil inventories +5863K vs -4100K expected

Weekly energy inventories from the EIA Here were the API numbers from yesterday: Production has doubled in six years. Oil is slightly higher after dipping to $67.00 and trading at $67.62. Last week, a huge drop in inventories kicked off a rout in crude. Everything is backwards because that's certainly unusual.